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Welspun India zooms as its arm plan to commission 34 MW solar power project

03 Aug 2015

Welspun India is currently trading at Rs. 944.10, up by 47.85 points or 5.34 % from its previous closing of Rs. 896.25 on the BSE.

The scrip opened at Rs. 897.00 and has touched a high and low of Rs. 950.00 and Rs. 897.00 respectively. So far 51613 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 910.75 on 31-Jul-2015 and a 52 week low of Rs. 210.00 on 13-Aug-2014.

Last one week high and low of the scrip stood at Rs. 910.75 and Rs. 792.00 respectively. The current market cap of the company is Rs. 9369.56 crore.

The promoters holding in the company stood at 73.49% while Institutions and Non-Institutions held 10.82% and 15.69% respectively.

Welspun India’s arm - Welspun Renewables has commissioned a 34 MW solar power project in Bhatinda district of Punjab. This is the largest commissioned solar capacity to come up in the state. The project, completed in five months, will annually feed 48 million units of clean and emission-free energy to the Punjab state grid for the next 25 years. Spread across 140 acres, the project will have mitigated 1,331,525 tonnes of CO2 emissions. The company is among the first few to set up a project in Punjab.

The company is committed to establishing 11,001 MW of renewable capacities across the country. The Punjab Government has set a cumulative target of 4200 MW solar power generation capacity.

Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. WIL’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.

Related Welspun India Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323